Postalvings Bank Of China Co (HKSE:01658) Tax Rate % : 9.75% (As of Mar. 2024)

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What is Postalvings Bank Of China Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Postalvings Bank Of China Co's Tax Expense for the three months ended in Mar. 2024 was HK$3,045 Mil. Postalvings Bank Of China Co's Pre-Tax Income for the three months ended in Mar. 2024 was HK$31,242 Mil. Therefore, Postalvings Bank Of China Co's Tax Rate % for the quarter that ended in Mar. 2024 was 9.75%.

Postalvings Bank Of China Co Tax Rate % Historical Data

The historical data trend for Postalvings Bank Of China Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Postalvings Bank Of China Co Tax Rate % Chart

Postalvings Bank Of China Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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4.25

5.60

6.04

6.58

5.65

Postalvings Bank Of China Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															10.79	7.58	7.05	-	9.75

Postalvings Bank Of China Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Postalvings Bank Of China Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	5660.306	/	100189.052
	=	5.65 %

Postalvings Bank Of China Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	3044.903	/	31242.03
	=	9.75 %

Postalvings Bank Of China Co Tax Rate % Related Terms

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Postalvings Bank Of China Co (HKSE:01658) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (HKSE:01658) » Definitions » Tax Rate %

Traded in Other Exchanges

PSBKF:USA PSTVY:USA 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.

Postalvings Bank Of China Co (HKSE:01658) Headlines

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